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What Is the Alternative Valuation Date? What Limit Is Placed

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What is the alternative valuation date? What limit is placed on its use?


Definitions:

Open Interest

the total number of outstanding derivative contracts, like futures or options, that have not been settled.

Futures

Legal agreements that compel the purchaser to buy, or the seller to dispose of, an asset at an agreed price and date in the future.

Pounds

The currency unit of the United Kingdom, also known as the British pound sterling, used as a medium of exchange.

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